X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LATHAM, N.Y.–SEFCU Executive Vice President John DeCelle testified on credit card practices affecting seniors during an August recess congressional field hearing in New York earlier this month.

DeCelle told the committee that many older Americans are forced to rely more and more on credit cards due to inadequate retirement savings, rising medical costs, fixed incomes and more. “Credit unions are concerned about the growing problems associated with credit card abuse and older Americans. At SEFCU, we are committed to educating our members on how to manage their financial lives responsibly in an effort to reduce the instances we see each day of members committing to credit terms and conditions that are predatory in nature,” DeCelle stated.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.